Private Wealth Partners LLC Invests $894,000 in Baker Hughes Company $BKR

Private Wealth Partners LLC acquired a new stake in Baker Hughes Company (NASDAQ:BKR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,350 shares of the company’s stock, valued at approximately $894,000.

A number of other institutional investors also recently made changes to their positions in BKR. Norges Bank acquired a new stake in Baker Hughes in the second quarter valued at $862,722,000. First Trust Advisors LP grew its holdings in shares of Baker Hughes by 76.0% during the second quarter. First Trust Advisors LP now owns 7,419,033 shares of the company’s stock valued at $284,446,000 after purchasing an additional 3,203,942 shares during the last quarter. Sei Investments Co. grew its stake in Baker Hughes by 247.5% during the 2nd quarter. Sei Investments Co. now owns 3,134,494 shares of the company’s stock worth $120,177,000 after buying an additional 2,232,394 shares during the last quarter. American Century Companies Inc. grew its position in shares of Baker Hughes by 38.0% during the second quarter. American Century Companies Inc. now owns 7,602,803 shares of the company’s stock worth $291,492,000 after acquiring an additional 2,094,079 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Baker Hughes by 18.9% during the 2nd quarter. Invesco Ltd. now owns 12,834,534 shares of the company’s stock valued at $492,076,000 after purchasing an additional 2,044,402 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of analyst reports. Argus boosted their price target on Baker Hughes from $55.00 to $67.00 in a research report on Tuesday. Barclays boosted their target price on shares of Baker Hughes from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group boosted their target price on Baker Hughes from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Citigroup boosted their price target on shares of Baker Hughes from $61.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus lifted their price target on Baker Hughes from $57.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday. Twenty-one investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.58.

More Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Multi-year rollout of Leucipa (AI/analytics) with Expand Energy — expands Baker Hughes’ digital-energy footprint and recurring-software revenue potential across shale wells, which can improve margins and customer stickiness. Leucipa Rollout Strengthens Baker Hughes’ Digital Energy Footprint
• Positive Sentiment: Record IET backlog and new energy-transition deals drove a strong market reaction (reported as a ~5.7% intraday jump) — signals demand strength in industrial & transition businesses and supports revenue visibility. Baker Hughes (BKR) Is Up 5.7% After Record IET Backlog And New Energy Transition Deals – Has The Bull Case Changed?
• Positive Sentiment: Analyst price-target upgrades continue: Piper Sandler raised its target to $61 and maintained an overweight rating — adds third-party validation to the bull case and can attract marginal buyer flows. Piper Sandler Adjusts Baker Hughes Price Target to $61 From $52; Maintains Overweight
• Positive Sentiment: Additional broker upgrades: UBS to $61 and JPMorgan to $60 (and separate coverage noting a $67 target) — multiple houses raising targets increases analyst-driven credibility and may drive demand from institutional momentum buyers. UBS Group Raises Baker Hughes (NASDAQ:BKR) Price Target to $61.00 Baker Hughes (NASDAQ:BKR) Price Target Raised to $67.00 JPMorgan Chase & Co. Boosts Baker Hughes (NASDAQ:BKR) Price Target to $60.00
• Positive Sentiment: Orders for Wabash Valley clean ammonia fertilizer project — concrete energy-transition orders that diversify revenue toward low-carbon projects and enhance growth story. Baker Hughes Secures Multiple Orders to Advance Wabash Valley Resources’ Clean Ammonia Fertilizer Project
• Positive Sentiment: Deeper strategic collaboration with Hydrostor on reliable, resilient and sustainable power systems — reinforces Baker Hughes’ positioning in storage/renewable enablement markets. Baker Hughes and Hydrostor Deepen Strategic Collaboration
• Positive Sentiment: Capital One published a bullish forecast for BKR — another institutional view supporting upside expectations. Capital One Financial Forecasts Strong Price Appreciation for Baker Hughes (NASDAQ:BKR) Stock
• Neutral Sentiment: Short-interest data reported as effectively zero / inconsistent for January — the published figure appears unreliable and provides no clear short-squeeze signal. Monitor official exchange short-interest releases for confirmation.

Baker Hughes Trading Down 1.2%

Baker Hughes stock opened at $56.04 on Friday. The company’s fifty day moving average price is $49.28 and its two-hundred day moving average price is $47.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a one year low of $33.60 and a one year high of $58.50. The company has a market capitalization of $55.30 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.75 and a beta of 0.89.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Sunday, January 25th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a return on equity of 14.51% and a net margin of 9.33%.The firm had revenue of $7.39 billion during the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s revenue was up .3% on a year-over-year basis. On average, analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.